Financial Management: November 2015 Archives

"In accordance with the Privacy Act of 1974, as amended (Privacy Act), the National Aeronautics and Space Administration (NASA) publishes this notice of a new system of records entitled ``The Office of Inspector General Advanced Data Analytics System (ADAS)'' (System Number NASA 10IGDA. This system will store individually identifying information from a variety of individuals who have applied for or received grants, contracts, loans, or payments from NASA, including current and former employees of NASA, contractors, and subcontractors, and others whose actions have affected NASA."

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"NASA has received an unmodified audit opinion on its Fiscal Year 2015 (FY 2015) financial statements, marking the fifth consecutive year of "clean" opinions. The agency has released its FY 2015 Agency Financial Report (AFR), which provides details on its financial results and performance highlights. The auditor's unmodified opinion is that NASA's financial statements fairly present the agency's financial position and results of operations. An unmodified opinion is the highest audit opinion that may be received from an external auditor."

"We believe the Agency's estimate that it will cost between $3 and $4 billion annually to operate the Station is based on overly optimistic assumptions, and that for a number of reasons costs are likely to be higher. ... Although the NASA Authorization Act of 2010 set a goal for NASA to achieve operational capability for the SLS and Orion by December 31, 2016, NASA will not meet this timetable. Noting technical and funding uncertainties, NASA has adjusted its planning schedule to reflect an SLS launch readiness date of no later than November 2018, with the first crewed flight of Orion expected no later than 2023."

"As we head into December, the unfortunate pattern of the Federal Government beginning a new fiscal year without an approved budget has repeated itself with a continuing resolution funding NASA through the middle of the month. Failure to receive a full-year appropriation compounds the challenges facing Agency leaders in effectively managing NASA's varied programs, perhaps most prominently its plans to transport astronauts to the International Space Station on commercial U.S. vehicles by late 2017. Given its importance, the Office of Inspector General initiated a follow-up audit this reporting period that will examine the status of the Agency's Commercial Crew Program."

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"In response to the new rules, the American Institute of Aeronautics and Astronautics (AIAA) has joined with more than 100 scientific and engineering organizations to advocate the immediate easing of travel restrictions on federal employees seeking to attend science and technology conferences. Coalition members have held meetings with key policymakers and are working with Congress and the White House to reduce the impact on the scientific community. Unfortunately, no solution is in sight, and some lawmakers have even proposed legislation that would impose additional burdens."

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